The act of calling time out right before the place kicker attempts a field goal. Usually right before a game winning Kick. Late Ice was invented by Mike Shanahan and everyone knows that it is impossible to Late Ice one of Shanahan's own. Also that it is a penalty to Late Ice the kicker twice in a row.
Late Ice can also be used when your getting head and your girlfriend comes up for a quick breath but you blast anyways.
Dude Shanhan is such an asshole for late icing that kicker last night.
Last night my girlfriend late iced and i blasted it all over her face.